secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001193125-25-328694
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

LM Funding America prices $6.5M registered direct offering at $0.71/unit
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- Combined effective price $0.71 per share (or pre-funded warrant in lieu) plus one common warrant.
- Gross proceeds ~$6.5M to expand Bitcoin treasury and for general corporate purposes.
- Warrant exercise price on 3.47M outstanding shares reduced from $2.95 to $0.87, subject to stockholder approval.
- Common warrants exercisable upon stockholder approval; expire 5 years from that date.
- Maxim Group LLC sole placement agent; closing expected December 22, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000119312525328694/0001193125-25-328694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000119312525328694/lmfa-20251219.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-328694

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer